Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Financing in Las Vegas : Real Estate Advice

  • All3K
  • Local Info240
  • Home Buying1K
  • Home Selling169
  • Market Conditions78

Activity 110
Fri Dec 21, 2012
john peters answered:
We are North American Financial, a Mortgage Broker, meaning we have many Banks we can work with to find a Mortgage Loan to fit your needs. Please call me Johnny at 939-2474. I have helped many with credit repair, but we need time to repair your credit depending on how bad it is. There is no obligation, but take the first step and get your credit in good standing. Looking forward to discussing your situation. ... more
0 votes 4 answers Share Flag
Tue Jul 9, 2013
Anna M Brocco answered:
Since rent to own properties may not be listed as such, consider working with an agent of your own. Keep in mind that rent to own can be risky and one could stand to lose a bit of money, therefore do inform yourself well, and consider consulting with an attorney who specializes in real estate beforehand. If you haven't done so yet, visit with any licensed loan officer, see if you can buy outright... ... more
0 votes 7 answers Share Flag
Sat Jan 5, 2013
Matthew D'Ercole answered:
If you exchange for like property of equal or greater value there will be no taxable gain. The most popular is the 1031 for income producting properties. I have a very qualified 1031 exchange company that handles these transactions. We manage over 350 properties for our investors. We've been in Vegas since 1976.

Matthew D’Ercole
Prominent Realty Group, LLC
Buyer / Seller / Property Management
Cell - 702.501.0973
Website -
... more
0 votes 2 answers Share Flag
Tue Oct 15, 2013
Adriana Samardjieva answered:
Hi Steve,
I have a Canadian client and recently I was searching for lender with a program available for Canadian citizens. The only one I could find is Washington Federal, person to contact:
Tami Badertscher, ph 702-837-1929, the program is available with 35 % downpayment.
If you have questions, please contact me:

Adriana Samardjieva
Realty One Group
10750 W. Charleston Blvd # 180
Las Vegas, NV 89135
... more
0 votes 5 answers Share Flag
Sat Jan 5, 2013
Kurt Grosse answered:
Consult an attorney. This is a legal question not appropriate for a real estate agent to answer unless he or she is an attorney.
0 votes 4 answers Share Flag
Mon Nov 26, 2012
Doug Terrell answered:
PMI is extra insurance that lenders require from most homebuyers who obtain loans that are more than 80 percent of their new home's value. In other words, buyers with less than a 20 percent down payment are normally required to pay PMI. ... more
0 votes 4 answers Share Flag
Thu Nov 15, 2012
Chris Harrison answered:
Hi Ben,

You can contact Jennifer Caro with Castle & Cooke Mortgage. Cell # 702-595-6881 and email is . You can contact her with any questions regarding hard money loans. A lot of lenders will not do financing less the $50k loan amount.

Contact me with any questions you may have.

Best regards,

Chris Harrison
Barrett & Co., Inc.
(702) 592-9510 ph
... more
0 votes 3 answers Share Flag
Sat Nov 10, 2012
Larysa Dombrovska answered:
Hi Michael,

You can contact JENNIFER CARO. She can help you with it.
702-595-6881 Direct
If you need any help let me know. Thank you.

Larysa Dombrovska
Broker Salesperson
Cell 702-379-3662
... more
0 votes 6 answers Share Flag
Sat Jul 18, 2015
Eugene Prospero answered:

I am a local Lender here in Las Vegas, NV.

We can do a VA IRRRL (streamline refinance) with no appraisal as long as the LTV (Loan to Value) is at a max of 125%. An AVM is ordered to determine the market value of the property.

A "No Appraisal" VA IRRRL can usually be done if its with the same Servicer, in your case with GMAC. Have you inquired with GMAC if they can do it?

Eugene Prospero
Mortgage Consultant
All Western Mortgage
... more
0 votes 5 answers Share Flag
Sun Mar 15, 2015
Myra Gouger answered:
There are many new programs in the mortgage industry. I think it is possible to get you a mortgage. You might have to pay slightly higher interest, but I believe that it can be done. Myra Gouger / Realty ONE Group / 702-858-9311 / ... more
0 votes 10 answers Share Flag
Thu Nov 15, 2012
Myra Gouger answered:
Sometimes it is possible. It is, however, extremely difficult to get qualified for a mortgage as a foreign investor. You need to have a US bank account among other things.
0 votes 18 answers Share Flag
Tue Oct 9, 2012
Ron Thomas answered:
On a Re-Fi, and particularly on an INVESTMENT property, you probably will not do better than you already have:

The one exception that I can think of, would be a bigger tax deduction for this year; (I am not a tax expert, you should consult with a tax expert to analyze this part of the equation).

Just be sure to get a GFE from several lenders and look at the fees/expenses and the difference it will make to you monthly out-go.

Good luck and may God bless
... more
0 votes 8 answers Share Flag
Fri Oct 12, 2012
Paul May answered:
Sun Aug 18, 2013
Petra Reyes answered:
Typically is 3 years, providing you have employment and your debt to income rate is under 45 for an FHA loan and you have money saved for down payment and closing cost.
Call anytime if you have more questions.


Petra Reyes, Realtor®, SFR, ABR®
Realty One Group, Inc
1333 N Buffalo Dr, Suite 190
Las Vegas, NV 89128
Cell: 702-856-6356
E-fax: 702-946 5038
Follow me on Facebook
... more
0 votes 12 answers Share Flag
Wed Oct 3, 2012
Azim Jessa answered:
Hello Stephen,

There are programs here in the US for Canadian Investors. A lender I frequently work with has a 20% down program for Canadians to buy investment properties. Also, I grew up in Vancouver and have a contact there in the lending industry that also works with investors if they choose to refinance up there and then use Cash to purchase down here.

Feel free to reach out by email or phone and I would be glad to pass along the names of these lenders.

Azim Jessa
Urban Nest Realty
... more
0 votes 6 answers Share Flag
Mon Sep 24, 2012
Amara Berg answered:
Are you looking for someone who will finance a condo or take out an equity line with a Canadian on a paid off condo?

If you can clarify maybe I can provide a resource for you.

Amara Collins
Direct 702.672.0956
Fine Homes International
Prudential Americana - Vaughn & Berg Group
7475 W. Sahara Ste 100, Las Vegas, NV 89117
Office 702.362.1111 Ext. 255
Fax 702.317.3762
... more
0 votes 2 answers Share Flag
Sat Jan 31, 2015
Tina Lam answered:
Did the price of your condo collapse by 90-95% since March? If you paid cash for the condo, then 100% of the current market value is equity. $15K in equity seems very low on a condo in your area.

There are some non-conventional lenders who will consider the equity as downpayment. If you rent out the condo, then you can use the rent as towards your mortgage qualification after 6-12 months. Once approved for a loan, you're perfectly free to use your rent collected in any way you choose, including paying for your new mortgage.
... more
0 votes 11 answers Share Flag
Tue Jan 3, 2017
lvhomeproperties answered:
If you live there it is considered an owner occupied loan. Any lender will only consider partial rental amounts based on comps in the area and similar size. It is usually 75% of what total rents would be. This can add to your "income" however, it may not add up to much once you factor the extra payment. The lender uses this for vacancy or repairs needed on the additional units. A top notch inspection is needed and well worth the money as well as a home warranty. Be careful and ask several lenders. ... more
0 votes 15 answers Share Flag
Thu Aug 30, 2012
john peters answered:
Hi, I have done 203K's, Down Payment Assistance progams are sometimes difficult depending on the scenario. I have been in the Lending business for over 10 yrs. We are a mortgage Broker and have access to various Lenders and programs. Please call me and we can discuss your situation. My office is in Green Valley.My direct Line is 939-2474, Thank you, Johnny Peters, North American Financial ... more
0 votes 1 answer Share Flag
Mon Jul 13, 2015
James Bellile answered:
Please give me a call tomorrow 702-222-0815. You need to get that credit score up to 620+. I have a contact that can do a rapid re-score for you and should be able to have that goal within 30 days. Paying off your credit cards is a great start, but there are 100s of other simple ways to dramatically improve your credit in a hurry.


James Bellile
... more
0 votes 19 answers Share Flag
1 2 3 4 5 6
Search Advice